What are the conditions for the UK innovation visa to change to permanent residence?

The UK Innovation Visa Program can apply for permanent residence status in the UK within three years at the earliest. The plan stipulates that applicants need to complete an investment of at least 50,000 pounds, set up a new company independently, or form a new company in partnership with an existing British company. After three years, if the applicant passes two of the following seven review requirements, it can be converted into permanent residence status:

1, at least 50,000 pounds has been invested;

2. I invested a lot of money in research and development and applied for intellectual property protection;

3. The number of customers has doubled in three years, which is higher than the average number of customers in the same industry in the UK;

4. The application was made a year ago, and the total sales income exceeded 6,543,800+0,000;

5. The total sales revenue in the year before the application reached 500,000 pounds, of which more than 654.38 million pounds were exported overseas;

6. Create 65,438+00 or more jobs for British residents;

7. Create five or more full-time jobs for British residents, lasting more than 12 months, with an average annual salary before tax of not less than 25,000.